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Segments
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segments

10. Segments

The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. The Company’s reportable segments represent components of the business for which separate financial information is evaluated regularly by the chief operating decision maker in determining how to allocate resources and in assessing performance. The Company operates in two reportable segments, North America and International. Certain operating segments are aggregated in both our North America and International reportable segments. The Company has aggregated these operating segments due to commonality of the products in each of their business lines having similar economic characteristics, services, customers and processes. There were no intersegment sales.

 

The Company’s segment results are as follows as of and for the three and nine month periods ended September 30 (in thousands):

 

     Three months ended
September 30,
     Nine months ended
September 30,
 
     2015      2014      2015      2014  

Revenues, net:

           

North America

   $ 334,944       $ 156,343       $ 918,333       $ 421,579   

International

     116,549         138,940         353,931         401,114   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 451,493       $ 295,283       $ 1,272,264       $ 822,693   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating income:

           

North America

   $ 132,428       $ 78,797       $ 351,778       $ 203,311   

International

     56,032         65,410         169,607         189,516   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 188,460       $ 144,207       $ 521,385       $ 392,827   
  

 

 

    

 

 

    

 

 

    

 

 

 

Depreciation and amortization:

           

North America

   $ 32,257       $ 6,635       $ 96,200       $ 19,647   

International

     16,269         19,079         49,235         54,914   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 48,526       $ 25,714       $ 145,435       $ 74,561   
  

 

 

    

 

 

    

 

 

    

 

 

 

Capital expenditures:

           

North America

   $ 6,493       $ 1,561       $ 14,510       $ 5,397   

International

     6,799         5,166         15,016         12,882   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 13,292       $ 6,727       $ 29,526       $ 18,279